All indications are that the US government is set to legalize online gaming including internet bingo and several UK and European gaming operators are looking into the possibility of acquiring American online gambling companies. Gaming companies that have followed US laws in the past will be in a particularly advantageous position to acquire US gaming licenses. The recent seizures of four poker sites in the US sent UK and European gaming stocks soaring on global stock exchanges.
Analysts say that now is the time for capital rich UK and European gaming companies to gain a foothold in the very lucrative American online gaming market. UK gaming giant William Hill is negotiating the purchase of two Nevada gambling firms for £24 million pounds. ($38,875,202.18 USD) Recently the District of Columbia and several states have announced plans to offer online gambling to residents and many believe this will create a snowball effect that will result in the federal government legalizing online gaming nationally. A Greek firm is the first to benefit from the liberalization of online gambling laws in Washington DC. The firm will supply all of the online gambling systems for Washington DC.
Washington DC City Council leaders said that revenues from the online gambling operation will be used to address current budget deficits. The operation could be worth hundreds of millions enabling DC to delay proposed cuts in social services in the district. Other states plan similar used for revenues generated by online gambling. Legalized online gambling in the US will undoubtedly create the nest big online bingo boom. There are millions of potential players and UK and European bingo operators will probably pull out all the stops once online bingo becomes legal in the US.
Despite the laws against online gambling millions of Americans continue to play cash bingo. UK and European bingo providers will have to compete with bingo sites currently serving the American bingo market. This will probably result in bingo bonus wars between UK and established US bingo sites. As recent history shows competition always benefits players in the form of bigger bongo bonuses, promotions and jackpots. There will probably be more free bingo offers to familiarize new American players with the wide variety of bingo games available. With high unemployment rates and the country still in the midst of a recession online bingo is the perfect entertainment solution for cash strapped American players. Many industry analysts believe that the US will legalize online gaming before the end of the year.
